Oculus, a company known for its virtual-reality headset that many believe has revolutionized video gaming, agreed to a $2 billion buyout by Facebook. Oculus CEO Brendan Iribe said the deal was favorable because of the sheer size of the network, around 1.2 billion users. Iribe's ultimate goal is to have 1 billion people in a virtual reality. The headsets provide a 360-degree field of vision allowing user to see and react to their surroundings. Iribe is hoping the buyout will lead to new possibilities for social...

Oculus, a company known for its virtual-reality headset that many believe has revolutionized video gaming, agreed to a $2 billion buyout by Facebook. Oculus CEO Brendan Iribe said the deal was favorable because of the sheer size of the network, around 1.2 billion users. Iribe's ultimate goal is to have 1 billion people in a virtual reality. The headsets provide a 360-degree field of vision allowing user to see and react to their surroundings. Iribe is hoping the buyout will lead to new possibilities for social. By Jordan Moses